Turkey says may begin oil exploration under Libya deal in three-four months

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Turkey may begin oil exploration in the eastern Mediterranean within three or four months under a deal it signed with Libya that was condemned by others in the region including Greece, Energy Minister Fatih Donmez said on Friday.

Speaking at a ceremony to mark the launch of Turkey’s Fatih oil-and-gas drilling ship to the Black Sea, Donmez said Turkish Petroleum (TPAO), which had applied for an exploration permit in the eastern Mediterranean, would begin operations in areas under its license after the process was completed.

“Within the framework of the agreement we reached with Libya we will be able to start our oil exploration operations there within three to four months,” Donmez said. Turkey’s new Kanuni drill ship would also go to the Mediterranean later this year, he added.
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